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LSBC Q3 Revenues Inch Over $1M Mark, Losses Narrow

NEW YORK, Oct. 22 (GenomeWeb News) – Large Scale Biology reported revenues of $1.2 million for the third quarter, compared to $0.7 million in the same period last year.

The Vacaville, Calif., company had a net loss of $4.3 million for the quarter, compared to $6.8 million for the third quarter of 2002.

LSBC's R&D expenses decreased to $2.8 million, from $4.5 million in the year-ago quarter.

At the end of the third quarter, the company had $11.3 million in cash and marketable securities.

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